Russia's Bitcoin mining industry witnessed substantial expansion in 2024, with mining farms increasing by 7% to 136,600 nationwide, according to a report by the Russian newspaper Kommersant. Kommersant, citing data from MTS EnergyTool, stated that the country's total mining capacity exceeded 11 GW by January 2025. The geographical distribution of ...
Bitcoin mining companies worldwide have been observed in recent times to be shifting from relying on debt to raising funds through equity to stabilize their finances and position themselves for long-term success. Well-known companies such as Frankfurt-based Northern Data, US-based Marathon Digital, as well as others like Bitdeer, have opted ...
Vancouver-based Metasphere Labs, a tech and Web3 development company, has announced that it will host an online event on X Spaces on Green Bitcoin mining, sustainability and energy markets. The firm noted in its press release that this event will take place on July 3, 2024, at 2 p.m. ET. ...
Bitcoin Mining company Marathon Digital Holdings has released its unaudited Bitcoin production and mining operation updates for April 2024, revealing a 15% month-over-month surge in its average operational hashrate. During this period, it reached a hashrate of 21.1 exahash per second (EH/s). This company attributed this increase to successfully energizing ...
In the fiscal year 2023, US Bitcoin mining firm Core Scientific successfully mined over 19,274 BTC tokens, according to their recently released December and full-year production report. This impressive figure includes 13,762 self-mined tokens and 5,512 customer-mined tokens within its data centres. The mining firm also noted that it had ...
According to a local report, Miri authorities have successfully shut down an illegal cryptocurrency mining operation on Borneo's island after a tip-off from the public. The authorities acted promptly upon receiving the tip-off. They conducted a raid and successfully confiscated all equipment related to the illegal mining operation, including 34 ...
Riot Platforms, one of the world's largest Bitcoin mining businesses, has made a significant investment of $162.9 million to purchase 33,280 "next-generation" miners from MicroBT, a leading supplier of mining equipment. The company announced this development on June 26, 2023, via post on its website. Jason Les, Riot Platforms’s CEO, ...
Canadian cryptocurrency startup Hut 8 Mining has secured a $50 million credit line from US-based exchange Coinbase. Hut 8 announced this development on June 26, 2023, after it completed the credit agreement with Coinbase Credit, the lending division of Coinbase. Under the credit facility, Hut 8 Holdings, a subsidiary of ...
